Joe Rubin & Richard Shuster Purchase Multifamily Property In Jacksonville For $31.75M

The multifamily property located at 1601 Dunn Avenue and 5928 Firestone Road in Jacksonville was sold for $31,750,000. This property spans 282,577 square feet and consists of 328 units, resulting in a price per unit of $96,799 and a price per square foot of $112.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,750,000
• Units: 328
• Square Footage: 282,577
• Price per Unit: $96,799
• Price per Square Foot: $112
• Address: 1601 Dunn Avenue & 5928 Firestone Road, Jacksonville
• Market: Jacksonville
• Buyer: Joe Rubin & Richard Shuster - Southeast Property Group
• Seller: Capital Property Partners
• Brokers: Daniel Rahmani & Rubens Jourdan - Capital Property Partners

The buyer, Joe Rubin, and Richard Shuster of Southeast Property Group acquired the property from Capital Property Partners at the specified all-in price. The deal was facilitated by the brokers Daniel Rahmani and Rubens Jourdan from the selling entity, Capital Property Partners.